Care Home Bills "to hit £1,000 a week"

19/02/2008

The calculations, published by Saga, said average care home bills are just under £540 a week - £112,312 over the four years that make up the length of a typical stay in a home for an elderly person.

In 20 years' time that will have risen to £223,476 for a four-year stay - £1,074 a week, said Saga, which specialises in financial products for the over- 50s. The figures, produced by industry analysts Laing and Buisson, will add to the growing concern over the way care for the elderly is financed.
Source: Daily Mail This is Money

Keith Hargraves Principal of Advice on Care - If you would like to receive independent quotes on an immediate needs annuity to ensure care could continue, click here

Pensioners urged to apply for warm home grants

15/02/2008

People receiving Pension Credit are being urged to apply for grants to help insulate their homes against the cold and rising fuel bills.
Following recent well-publicised increases in energy prices, it’s more important than ever that people apply for all the help available to them to make their homes energy efficient and keep the warmth in.

Minister for Pensions Reform Mike O’Brien said: “If you own your own home or rent it from a private landlord, you may be eligible for a free grant to insulate your walls and loft. This is in addition to the Winter Fuel Payment of £200, rising to £300 for people over 80, which has benefited more than 11.6 million pensioners this year.

“The grant is available through the Government’s Warm Front scheme. It’s free to call, so I urge all people getting Pension Credit to ring the Energy Advice Line on 0800 027 7668 to find out if they are eligible for further help.”
Source: DWP Website

Keith Hargraves Principal of Advice on Care - If you would like to receive independent quotes on an immediate needs annuity to ensure care could continue, click here

Rising number of Elderly hitting the NHS

12/12/07

The Office of National Statistics said that in the past year alone, the number aged over 85 had increased by 6% to 1.2 million-or one in every 50. By 2031 it is estimated this number will more than double to 2.9 million.

Experts said the huge increase in over 85’s – in 1981 they accounted for only one in every hundred – would increase pressure on the already overstretched Health Service.
Source: ONS quoted in Daily Mail

Keith Hargraves Principal of Advice on Care - If you would like to receive independent quotes on an immediate needs annuity to ensure care could continue, click here

The cost of care really hit home

26/09/2007

Every year 70,000 elderly people are forced to sell their homes to pay for residential or nursing home fees.

Profits from the sale can easily be swallowed up by nursing homes costing upwards of £25,000 a year and fees rising by 8% - more than double the rate of inflation
Source: Daily Mail

Keith Hargraves Principal of Advice on Care - If you would like to receive independent quotes on an immediate needs annuity to ensure care could continue, click here